After blowing up my account 99 times, I finally understood one thing: Don't go all in!
Having been in the cryptocurrency market for a long time, who hasn't blown up their account a few times? But I really didn't expect that I would blow it up 99 times.
At first, I fantasized about going all in and making ten times my investment; financial freedom wouldn't be a dream. What happened? Either I was schooled by the market with a single bearish candle or my impulsive finger sent me packing. Going all in is like gambling with your life—win once and it's exhilarating, lose once and you're wiped out.
Every time the market surged, I couldn't help but go in fully, only to either get washed out or face a market crash right after entering. After blowing my account so many times, I finally realized: it's not that the market isn't giving you opportunities; it's that you've staked your life on it, leaving no room for maneuvering.
The ones who really make money are never those who hit it big once or twice, but rather those who steadily remain in the game. Controlling your position, entering in batches, and having a planned approach to both entering and exiting is far more important than any fantasy of getting rich quick.
Now, every time I open a position, I remind myself of one thing: "Position size is life."
If you want to last in the cryptocurrency market, don't always think about making it big in one go. We are not gamblers; we are traders.
After blowing up my account 99 times, I finally understood—if you want to win, first don't die. Stop going all in, brother.
